Fitch Ratings gives a read on New Jersey online gambling

Fitch Ratings reports online gaming accounts in New Jersey rose 57% in January to 197K. The accelerated growth is on target with estimates.

The ratings agency reaffirms its forecast for revenue in the $200M-$300M for the burgeoning online NJ gaming industry.

Borgata (BYD, MGM) and Caesars (CZR) control 73% of the online market in the state.

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